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Technology Stocks : America On-Line (AOL)
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To: Frank Ellis Morris who wrote (1353)1/4/1999 11:49:00 PM
From: Jack T. Pearson  Read Replies (1) of 41369
 
A little perspective, please. AOL went from 89 1/4 to 157 1/4 in three weeks. Average gain was 4 1/2 points per day. Total gain for three weeks was 68 points (67%). For a company with positive earnings, that is great! Now it is basing. The pattern it is forming is a pennant. Pennants tend to fly at half mast. AOL may have another 50+ points to come. The basing is a healthy sign. It is not evidence of a conspiracy.
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